The global paint packaging market has been witnessing significant growth in the recent years. Paint packaging involves packing of paint, varnishes, enamels, and other coatings primarily used for homes and buildings to protect the product from damage, spillage, and contamination. Paint packaging ensures long shelf life of the product and protects it during transportation and storage. Packing is done in metal as well as plastic containers such as pails, buckets, cans, bottles, drums, and other custom shapes depending upon the type and quantity of paint. Factors such as growing construction industry, rising residential and commercial construction activities, and increasing paint consumption are fueling the demand for efficient paint packaging solutions globally.
Market Dynamics:
The key drivers propelling the growth of the global paint packaging market include rapid urbanization leading to rise in infrastructure development projects worldwide, boost in renovation and remodeling activities, growing do-it-yourself (DIY) trend, and increasing usage of protective and decorative coatings. Furthermore, shifting consumer preference towards eco-friendly and sustainable packaging materials along with stringent government regulations regarding the use of hazardous chemicals in packaging are creating new opportunities for biodegradable and recyclable packaging vendors. However, high initial costs of production and fluctuations in raw material prices are major challenges restraining the market growth.
Key Features of the Study:
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